Commonwealth Numbered Regulations Commonwealth Numbered Regulations(1) This section sets out how to c alculate the assets available to fund pre-1 July 88 liabilities for step 2 of method 1 in section 295-265.02.
(2) In making the calculation in step 2 of method 1, allow deductions for realisation costs and charges incurred in the normal course of operation of the superannuation fund.
(3) Deduct the amount of assets that relate to excluded liabilities mentioned in subsection 295-265.03(3).
(4) All remaining assets should be treated as available to fund pre-1 July 88 liabilities unless the superannuation provider can provide the superannuation provider's actuary with written evidence to support exclusion of both an amount of assets and a corresponding value of liabilities.